Al Buraimi Industrial City attracts investment for furniture factory worth OMR7mn

Business Tuesday 12/March/2024 17:02 PM
By: Times News Service
Al Buraimi Industrial City attracts investment for furniture factory worth OMR7mn

Muscat: Al Buraimi Industrial City, an affiliate of the Public Establishment for Industrial Estates (Madayn), has signed an investment pact with Golden Palaces for Trade and Investment to establish a furniture manufacturing factory on a 17,000 sqm area, with an investment of OMR7 million.

The factory will blend traditional features with modern technology, using sustainable materials to produce high-quality and contemporary furniture designs. The project aims to meet the needs of the local market by 10 per cent and export 90 per cent of its products to the European, American and Middle Eastern markets, thereby creating new job opportunities and contributing to the national economy.